Accounting & Bookkeeping Service
Maintaining and ensuring the accuracy and integrity of business’s financial records in accordance with Generally Accepted Accounting Principles (GAAP), accounting policies of the business and rules established by applicable authoritative bodies is our responsibility. It includes
- Double entry bookkeeping
- Trial balance finalization
- Setting up charts of accounts
Accounts Receivable
- Order management
- Billing reports
- Credit analysis
Accounts Payable
- Vendor management
- Invoice approval and processing
- Expense allocation
Accounts Reconciliation
Our job is to ensure records are complete and accurate. For that we set up a reconciliation process. Which mainly cover the frequency of reconciliation, key accounts for which reconciliation is to be done, standardized formats, etc. which vary depending on the volume, type of industry, its risk areas, etc. We cover
- Accounts reconciliation
- Cash & Bank reconciliation
- Cards reconciliation
- Vendor reconciliation
- Customer reconciliation
- Inter-company reconciliation
General Ledger Review
The backbone of your accounting system which holds financial and non-financial data for the business is in safe hands. Our team of experts thoroughly review transactions to verify if it is appropriate and are compliant with all applicable policies and regulations.
Management Accounting & Reporting
We prepare and provide accurate, consistent and precise internal financial reports, accounts, and records showing business current economic situation for you to evaluate the company progress in various business activities and make real-time business decisions.
Our management accounts service is tailored as per your requirements and it includes:
- Profit and Loss Analysis Report with Year to Date Balance Sheet
- Budget comparison report with variances
- Performance indicators report as per your needs
Final Accounts Reporting
One of the biggest compliance requirements for any organization is to make final accounts and submit with IRS. We do understand these compliances can’t be taken easily and how time-sensitive at times it could be. Our team is well aware of this, and aims to provide you timely and accurate year end accounts while avoiding to attract any penalty from the law, facilitate tax preparation and meet filing deadlines.
Our final accounts service typically includes:
- Trial balance
- Balance sheet
- Profit & loss accounts